Tag Archives: UTI

PR Newswire

TÜV Rheinland Technical Expert Dr. Christos Monokroussos Wins the “IEC 1906 Award”

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SHANGHAI, Jan. 22, 2021 — Recently, the International Electrotechnical Commission (IEC) granted Dr. Christos Monokroussos, technical expert of Greater China Solar & Commercial Products and the head of the technical competence centres for Solar and R&D at TÜV Rheinland, the "IEC 1906 Award," recognizing the major contribution that he has made to furthering standardization in the field of electrotechnology.

Founded in 1906, the IEC is the world’s leading international electrotechnical standards organization, responsible for formulating international standards in the electrical and electronic engineering fields. Engaging in committee work helps members proactively master the entire process of related products from design, planning, and production to acceptance. As expert committee members, they not only need to understand the current technical standards, but also foresee their development trends.

The "IEC 1906 Award," as one of the three important IEC awards, was established by the IEC Executive Committee to commemorate the establishment of the IEC, and is used to commend technical experts from various countries who have made outstanding contributions to IEC international electrotechnical standards. It’s awarded once per year. The Chairs and Secretaries of the IEC technical committees deliver the nominee shortlist first, and then the technical officials of the IEC Central Office conduct a review and grant awards to winners.

Christos Monokroussos earned his doctorate degree in photovoltaics at the Centre for Renewable Energy Systems Technology (CREST), Loughborough University. He is currently engaged in R&D work in the characterization of solar cells and photovoltaic modules, and in quality management of measurement systems, standardization processes, and reliability of photovoltaic modules at TÜV Rheinland. Dr. Monokroussos is also the project leader for three standardization projects in WG 2 and WG 8 working groups for the Technical Committee 82 Solar Photovoltaic Energy Systems of the International Electrotechnical Commission (IEC/TC82). He won the IEC’s "Outstanding Contribution Award" in 2018.

Having been engaged in the field for almost 40 years, TÜV Rheinland has a team of experts with rich laboratory and project experience in photovoltaics. With its global laboratory network covering major solar centres in Germany, China, the US, India, Japan, the Middle East, and South America, it’s committed to providing customers with all-round, diversified, one-stop services to promote the sound and sustainable development of the photovoltaic industry.

Related Links :

https://www.tuv.com

PR Newswire

Sungrow Supplies a 100 MW Energy Storage Project in Texas

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FORT WORTH, TX., Jan. 22, 2021 — Sungrow, the global leading inverter solution supplier for renewables, announced that it has forged a contract to supply its fully integrated Energy Storage System to the 100 MWac Chisholm Grid project in Fort Worth, Texas. Chisholm Grid has been under construction since August of 2020 and will be one of the largest battery energy storage facilities in Texas when work onsite is completed this June. The facility, utilizing industry leading NMC battery technology, will generate revenue from the sale of energy and grid stabilization services to the ERCOT wholesale electricity market.

The Chisholm Grid Battery Energy Storage Project is owned by Astral Electricity, LLC, a privately-held energy storage power producer, and was developed by Able Grid Infrastructure Holdings, LLC, a joint venture between Able Grid and MAP RE/ES. Able Grid will provide operational asset management services for the site following commercial operations in mid-2021.

Sungrow’s ESS solution deployed for this project is the latest product lineup. At the heart of the technology are lithium-ion batteries, combined with Sungrow’s advanced converters and controls. Sungrow Services will maintain the asset under a long-term services agreement, reducing operating costs and extending the life span of the assets.

As an industry leading company, Sungrow must do everything possible to maintain its safety edge. "The safe operation of the project is of vital concern to us," said Neil Bradshaw, the Senior Technical Sales Manager. "Not only is every cell protected electrically in a three-tier BMS system and supervisory controls, but each small battery module has internal thermal barriers and suppression technology. Sungrow is eager to show the world that battery energy storage at this scale is a safe, reliable and sustainable solution to ensure grid reliability amidst demanding market operating conditions," he added.

"Years of innovation by Sungrow as a global technology leader now allows companies like Astral Electricity to deploy market-driven solutions that will accelerate the decarbonization of electricity supplies while also improving grid performance. Sungrow’s highly-integrated offering, history of successful deployment and collaboration with technology providers were key factors in our supplier decision. We are looking forward Sungrow’s product providing reliable operations for many years to come," commented Aaron Zubaty, CEO of MAP RE/ES.

"The landmark Chisholm Grid energy storage project is another exciting milestone in the US energy storage market which is strongly positioned for immense growth," said Mizhi Zhang, Managing Director of Energy Storage, Sungrow Americas. "We’re poised to pioneer more energy storage innovations backed by the industry’s largest R&D team and 24-year proven track record. Our agile local team can offer responsive technical support, sales and industry-leading after-sales service," he added.

As one of the key players in the energy storage market, Sungrow is an early entrant in the North American storage market with a deployment footprint spreading across multiple states including California, Massachusetts and Texas, achieving milestones both in the utility scale storage market as well as the C&I market where Sungrow currently maintains a strong position in North America. The Company acquired orders totaling 1.4 GWh in North America in 2020 including both standalone energy storage projects and storage in combination with power plants.

About MAP RE/ES

MAP RE/ES has been an innovating and leading investor in renewable energy projects since 2005 and has directly funded the development of more than 16,000 MW of operating wind and solar generating capacity located across the United States. In December 2020, MAP RE/ES announced the acquisition by Global Infrastructure Partners Fund IV of 100% of the MAP RE/ES investment platform, team, and renewable energy assets under management.

About Astral Electricity, LLC

Astral Electricity is a privately-held energy storage power producer that sees an opportunity where others see risk. Astral leverages decades of experience funding and developing wind and solar projects throughout the country to create a unique view on the future fabric of power generation, transmission and energy consumption. Astral’s deployment of large-scale standalone energy storage systems provides a new dimension of market-based solutions that balance electricity grids while catalyzing electricity sector decarbonization. 

www.astralelectricity.com

About Able Grid Energy Solutions, Inc. 

Able Grid Energy Solutions, Inc. ("Able Grid") is a utility-scale energy storage developer. In partnership with utilities, municipalities, communities, and leading corporate buyers, Able Grid is developing low-cost energy storage assets that provide reliable, emissions-free capacity to manage the physical and financial volatility of energy markets. We focus on investing in communities and markets where energy storage will provide long-term value to utilities managing a diverse energy portfolio to provide low-cost and sustainable power for their customers. www.ablegridenergy.com

About Sungrow

Sungrow Power Supply Co., Ltd ("Sungrow") is the world’s most bankable inverter brand with over 120 GW installed worldwide as of June 2020. Founded in 1997 by University Professor Cao Renxian, Sungrow is a leader in the research and development of solar inverters, with the largest dedicated R&D team in the industry and a broad product portfolio offering PV inverter solutions and energy storage systems for utility-scale, commercial, and residential applications, as well as internationally recognized floating PV plant solutions. With a strong 24-year track record in the PV space, Sungrow products power installations in over 120 countries, maintaining a worldwide market share of over 15%. Learn more about Sungrow by visiting www.sungrowpower.com.

Related Links :

http://www.sungrowpower.com

PR Newswire

JinkoSolar Wins PV Magazine Award 2020 for its Tiger Monofacial Module

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SHANGRAO, China, Jan. 21, 2021 — JinkoSolar Holding Co., Ltd. (the "Company" or "JinkoSolar") (NYSE:JKS), one of the largest and most innovative solar module manufacturers in the world, today announced that it has won the prestigious PV Magazine Award 2020 in the Module category for its Tiger monofacial module.

PV Magazine assembles expert juries and representatives from the global solar world every year and the PV Magazine award is presented to honor technological innovations and groundbreaking solutions in the solar and energy storage industries. The jury has recognized JinkoSolar’s Tiger monofacial module for its outstanding ultra-high performance and quality, especially its innovation in TR technology, which eliminates the cell gap to increase module efficiency significantly.

Mr. Kangping Chen, Chief Executive Officer of JinkoSolar, commented, "We are very proud to start the new year with our first internationally acclaimed award from PV Magazine in the module category. We are in the business of innovation and continuously pushing the boundaries of technology to make clean energy accessible to the world. Thanks to our dedicated R&D team, JinkoSolar continues to be recognized by field experts as we set new standards in the industry. We believe that innovation is the key to continued success and reinforces our strong positioning in the global PV industry, which in-turn makes JinkoSolar a more bankable brand to create value for our shareholders."

About JinkoSolar Holding Co., Ltd.

JinkoSolar (NYSE: JKS) is one of the largest and most innovative solar module manufacturers in the world. JinkoSolar distributes its solar products and sells its solutions and services to a diversified international utility, commercial and residential customer base in China, the United States, Japan, Germany, the United Kingdom, Chile, South Africa, India, Mexico, Brazil, the United Arab Emirates, Italy, Spain, France, Belgium, and other countries and regions. JinkoSolar has built a vertically integrated solar product value chain, with an integrated annual capacity of 20 GW for mono wafers, 11 GW for solar cells, and 25 GW for solar modules, as of September 30, 2020.

JinkoSolar has 9 productions facilities globally, 20 overseas subsidiaries in Japan, South Korea, Vietnam, India, Turkey, Germany, Italy, Switzerland, United States, Mexico, Brazil, Chile, Australia, Portugal, Canada, Malaysia, UAE, Kenya, Denmark, and global sales teams in China, United Kingdom, France, Spain, Bulgaria, Greece, Ukraine, Jordan, Saudi Arabia, Tunisia, Morocco, Kenya, South Africa, Costa Rica, Colombia, Panama, Kazakhstan, Malaysia, Myanmar, Sri Lanka, Thailand, Vietnam, Poland and Argentina, as of September 30, 2020.

To find out more, please see: www.jinkosolar.com.   

Safe-Harbor Statement

This press release contains forward-looking statements. These statements constitute "forward-looking" statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends, "plans," "believes," "estimates" and similar statements. Among other things, the quotations from management in this press release and the Company’s operations and business outlook, contain forward-looking statements. Such statements involve certain risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Further information regarding these and other risks is included in JinkoSolar’s filings with the U.S. Securities and Exchange Commission, including its annual report on Form 20-F. Except as required by law, the Company does not undertake any obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.

For investor and media inquiries, please contact:
Ripple Zhang
JinkoSolar Holding Co., Ltd.
Tel: +86 21-5183-3105
Email: pr@jinkosolar.com 

Related Links :

http://www.jinkosolar.com

PR Newswire

Maxeon Solar Technologies Earns Prestigious LEED Gold Certification

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Solar cell production plant in the Philippines becomes company’s fifth global facility with recognized green building standards

SINGAPORE, Jan. 19, 2021 — Maxeon Solar Technologies, Ltd. (NASDAQ:MAXN), a global leader in solar innovation, announced today that its Maxeon solar cell fabrication facility in Laguna, Philippines, has been awarded Leadership in Energy and Environmental Design for Building Design and Construction (LEED BD+C) Gold certification for its environmental performance and sustainable operations, making it the fifth building to meet sustainable LEED standards for the company.

LEED is a green building certification program developed by the non-profit U.S. Green Building Council (USGBC) and used worldwide. It is a transparent process that includes a set of rating systems for the design, construction, operation, and maintenance of green constructions aiming to help building owners and operators be environmentally responsible and use resources efficiently. In particular, LEED for Building Design and Construction (LEED BD+C) provides a framework for planning and building a holistic green edifice, giving the opportunity to implement every sustainability feature and maximizing the benefits.

"We are honored to receive this designation which is an international symbol of excellence and recognizes our efforts towards sustainability, a green environment and the preservation of human health," said Lindsey Wiedmann, Chief Legal Officer and Global Environment, Social, Governance (ESG) Executive Leader at Maxeon Solar Technologies. "We hold ourselves and our products to a higher standard, and believe in delivering solar technologies as clean as the energy they produce. We have five LEED-certified buildings, including three LEED Gold manufacturing sites and two LEED Platinum administrative buildings. We’re proud to tell our customers that every Maxeon IBC solar cell we make will now come from a LEED Gold-certified facility."

The Philippines manufacturing site received LEED BD+C Gold certification for implementing, during the planning and construction phase of the new edifice, a number of measurable strategies and solutions that aimed at achieving high performance in the certification’s six categories: sustainable sites, water efficiency, indoor environmental quality, materials and resources, energy and atmosphere, innovation and design.

Some of the features that helped the plant earn its attestation include:

  • Sustainable site – During the site development phase, the impact of construction on the environment was minimal, with about 20% vegetated open space maintained. The site is also designed with bicycle racks, showers, and changing facilities for employees. A solar carport, roof with high reflectance index and open grid pavement contributed to a more sustainable environment.
  • Water Efficiency – A 50.45% reduction in water use for all plumbing fixtures over conventional use was demonstrated. The presence of native plants and turfing eliminates permanent irrigation system.
  • Energy & Atmosphere – In parallel to the building’s efficient energy systems such as lighting and cooling, a wafer fab facility requires a great amount of electricity for production use. Most equipment that discharges a great amount of heat were designed to recover waste heat for process water heating. The completed energy model demonstrated a 16.7% improvement over  the ASHRAE standard.
  • Materials and resources – The site’s construction waste management plan ensured that 93% of construction waste was diverted from the landfill. The building’s envelope retains 96% of the previous building’s structure.
  • Indoor Air Quality – Best practices were implemented to prevent indoor air pollution during construction, and employee surveys are regularly conducted to continue to ensure staff comfort and health.
  • Innovation – The plan for ongoing operation includes the implementation of green cleaning and green purchasing policies, solid waste management and further reductions in water and energy use. Furthermore, a 225kWp solar panel grid-tie system was recently energized on the manufacturing rooftop.

"In all new developments, Maxeon will continue to hold itself to a high standard to protect the environment and be a leader in sustainability," added Jeff Waters, CEO at Maxeon Solar Technologies. "Each employee embraces it as their goal to preserve and regenerate our environment, and to contribute to Maxeon’s global environmental stewardship."

To learn more about Maxeon Solar Technologies’ accountability in Environmental, Social and Governance (ESG) practices, please visit https://www.maxeon.com/esg.

About Maxeon Solar Technologies
Maxeon Solar Technologies (NASDAQ:MAXN) is Powering Positive Change™. Headquartered in Singapore, Maxeon designs, manufactures and sells SunPower® brand solar panels in more than 100 countries, operating the SunPower brand worldwide except the United States and Canada. The company is the leader in solar innovation with access to over 900 patents and two best-in-class solar panel product lines. With operations in Africa, Asia, Oceania, Europe and Mexico, Maxeon products span the global rooftop and solar power plant markets through a network of more than 1,100 trusted partners and distributors. A pioneer in sustainable solar manufacturing, Maxeon leverages a 35-year history in the solar industry and numerous awards for its technology. For more information about how Maxeon is Powering Positive Change™ visit us at www.maxeon.com, on LinkedIn and on Twitter @maxeonsolar.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements regarding: (a) the effectiveness of our environmental and sustainability efforts and our ability to achieve the expected benefits; and (b) the incorporation of sustainable or environmentally beneficial features during development of new projects or processes, or the implementation of improvements to existing projects and processes. These forward-looking statements are based on our current assumptions, expectations and beliefs and involve uncertainties that may cause results, performance or achievement to materially differ from those expressed or implied by these forward-looking statements.  A detailed discussion of these factors and other risks that affect our business is included in filings we make with the SEC from time to time, including our Form 20-F, which was declared effective by the SEC on August 4, 2020, particularly under the heading "Item 3.D. Risk Factors." Copies of these filings are available online from the SEC or on the Financials & Filings section of our Investor Relations website at www.maxeon.com/financials-filings/sec-filings. All forward-looking statements in this press release are based on information currently available to us, and we assume no obligation to update these forward-looking statements in light of new information or future events.

© 2020 Maxeon Solar Technologies, Ltd. All Rights Reserved. MAXEON is a registered trademark of Maxeon Solar Technologies, Ltd. Visit www.maxeon.com/trademarks for more information.

Logo – https://mma.prnasia.com/media2/1275353/Maxeon_Logo_Open_Blue_RGB2_Logo.jpg?p=medium600 

 

Related Links :

https://www.maxeon.com

PR Newswire

The China International Import Expo spurs global cooperation in intelligent industry and information technology

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SHANGHAI, Jan. 15, 2021 — The China International Import Expo (CIIE), the world’s largest import-themed expo, will be held for the fourth time in Shanghai from November 5 to 10, 2021.

The Intelligent Industry Information Technology Exhibition Area of the CIIE
The Intelligent Industry Information Technology Exhibition Area of the CIIE

Thousands of exhibitors and hundreds of thousands of buyers from across the globe have descended on Shanghai in the past three years to reap the benefits offered by the expo. With its growing exhibition space and influence, the CIIE is becoming a must-attend event for international businesses every November.

For companies in the field of intelligent industry and information technology that are looking to tap into the huge Chinese market, the expo is a prime opportunity you cannot afford to miss out on.

The Intelligent Industry Information Technology Exhibition Area of the third CIIE attracted more than 300 enterprises from nearly 40 countries and regions, and had an exhibition area of more than 70,000 square meters.

Despite the COVID-19 outbreak, the area welcomed many newcomers last year, including Cheniere Energy, one of the largest liquefied natural gas producers in the United States. The company had a 150-sq-m booth to display its new technologies and products.

Epson and Konica Minolta made their debuts at the third CIIE. Leading brands in the electric industry including GE, Hitachi, Siemens, and Schneider Electric also showed up at the expo.

Famous engineering machinery makers including Caterpillar, John Deere and Volvo, and top-ranking printing technology brands including Epson, Brother and Canon were also among the exhibitors.

The exhibition area also featured the Energy Conservation and Environmental Protection Subsection, which focused on key fields such as water saving, new energy, resource recycling and environmental protection.

A new special subsection for integrated circuit exhibitors will debut at this year’s CIIE, the CIIE Bureau recently announced.

Along with the newly added subsection, a special committee for the integrated circuit industry will also be established to serve as an advisory body, a move aligned with the expo’s aim to become more specialized in different industries.

Previously, the CIIE established a special committee on industrial digital transformation, which is committed to integrating the whole industrial chain of industrial digital transformation and offering advanced digital transformation solutions to enterprises in the field of industrial production to help them increase efficiency and improve quality.

In short, participating in the CIIE provides a prime gateway into understanding and benefiting from China’s market of 1.4 billion people.

Registration for the Business Exhibition of the 4th CIIE is now open.

Visit https://www.ciie.org/ciie/f/book/register?locale=en to register.
Sign up before January 31, 2021, to enjoy the early-bird offer.

Contact: Ms. Nie Qingxin
Tel.: +86-21-67008870/67008988

 

Related Links :

https://www.ciie.org

PR Newswire

ITM Power plc Sale to Linde of World’s Largest PEM Electrolyser

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GUILDFORD, England, Jan. 14, 2021 — ITM Power ("ITM Power" or "the Company") (AIM: ITM), the energy storage and clean fuel company, is pleased to announce the sale to Linde of a 24MW electrolyser to be installed at the Leuna Chemical Complex in Germany. The full text of the Linde announcement is set out below.

Linde to Build, Own and Operate World’s Largest PEM Electrolyzer for Green Hydrogen

Linde today announced it will build, own and operate the world’s largest PEM (Proton Exchange Membrane) electrolyzer plant at the Leuna Chemical Complex in Germany.

This new 24 megawatt electrolyzer will produce green hydrogen to supply Linde’s industrial customers through the company’s existing pipeline network. In addition, Linde will distribute liquefied green hydrogen to refueling stations and other industrial customers in the region. The total green hydrogen being produced can fuel approximately six hundred fuel cell buses driving 40 million kilometers and saving up to 40,000 tons of carbon dioxide tailpipe emissions per year.

The electrolyzer will be built by ITM Linde Electrolysis GmbH, a joint venture between Linde and ITM Power, using high-efficiency PEM technology. The plant is due to start production in the second half of 2022.

"Clean hydrogen is a cornerstone of the German and EU strategies to address the challenge of climate change. It is part of the solution to help reduce carbon dioxide emissions across many industries, including chemicals and refining," said Jens Waldeck, President Region Europe West, Linde. "This project shows that electrolyzer capacity continues to scale up and it is a stepping stone towards even larger plants."

Linde is a global leader in the production, processing, storage and distribution of hydrogen. It has the largest liquid hydrogen capacity and distribution system in the world. The company also operates the world’s first high-purity hydrogen storage cavern, coupled with an unrivaled pipeline network of approximately 1,000 kilometers to reliably supply its customers. Linde is at the forefront in the transition to clean hydrogen and has installed close to 200 hydrogen fueling stations and 80 hydrogen electrolysis plants worldwide. The company offers the latest electrolysis technology through its joint venture ITM Linde Electrolysis GmbH.

Graham Cooley, CEO of ITM Power, said: "This is the first sale via our joint venture with Linde and is currently the world’s largest announced PEM electrolyser. This is a significant addition to our sales pipeline and illustrates how the capacity and efficiency of our new factory allows us to tender for much larger scale projects. It demonstrates the growing commitment by industry to use green hydrogen produced by electrolysis to decarbonise production processes. We look forward to working closely with Linde to deliver this exciting project."

Andreas Rupieper, MD ILE GmbH said: "ITM Linde Electrolysis GmbH is delighted to have received this order for the world’s largest PEM electrolyser from Linde plc. The close working relationship between the ITM Power engineering team and Linde Engineering in Dresden is driving forward our industrial scale offering to help customers reduce their CO2 emissions. Because we have well-engineered and integrated turn key solutions available today for customers, we feel confident that this important 24MW project is just the beginning of our journey together."

For further information please visit www.itm-power.com or contact:
ITM Power plc
James Collins, Head of IR
+44 (0)114 263 7646
ir@itm-power.com

Investec Bank plc (Nominated Adviser and Broker)
Jeremy Ellis / Chris Sim / Ben Griffiths
+44 (0)20 7597 5970

Tavistock (Financial PR)
Simon Hudson / Edward Lee / Tim Pearson
+44 (0)20 7920 3150

About ITM Power plc:

ITM Power plc manufactures integrated hydrogen energy solutions for grid balancing, energy storage and the production of renewable hydrogen for transport, renewable heat and chemicals. ITM Power plc was admitted to the AIM market of the London Stock Exchange in 2004. In October 2019, the Company announced the completion of a £58.8 million fundraising, including an investment by Linde of £38 million, together with the formation of a joint venture with Linde to focus on delivering renewable hydrogen to large-scale industrial projects worldwide. In November 2020, ITM Power completed a £172m fundraising, including a £30m investment by Snam, one of the world’s leading energy infrastructure operators. ITM Power signed a forecourt siting agreement with Shell for hydrogen refuelling stations in September 2015 (which was extended in May 2019 to include buses, trucks, trains and ships), and in January 2018 a deal to deploy a 10MW electrolyser at Shell’s Rhineland refinery. ITM Power announced the lease of the world’s largest electrolyser factory in Sheffield with a capacity of 1GW (1,000MW) per annum in July 2019. Customers and partners include Sumitomo, Ørsted, Phillips 66, Siemens Gamesa, National Grid, Cadent, Northern Gas Networks, Gasunie, RWE, Engie, BOC Linde, National Express, Toyota, Honda, Hyundai, Optimal and Anglo American among others.

About Linde

Linde is a leading global industrial gases and engineering company with 2019 sales of $28 billion (€25 billion). We live our mission of making our world more productive every day by providing high-quality solutions, technologies and services which are making our customers more successful and helping to sustain and protect our planet. 

The company serves a variety of end markets including chemicals & refining, food & beverage, electronics, healthcare, manufacturing and primary metals. Linde’s industrial gases are used in countless applications, from life-saving oxygen for hospitals to high-purity & specialty gases for electronics manufacturing, hydrogen for clean fuels and much more. Linde also delivers state-of-the-art gas processing solutions to support customer expansion, efficiency improvements and emissions reductions.

 

 

Related Links :

http://www.itm-power.com

PR Newswire

JA Solar Recognized as “Overall High Achiever” in PV Module Index Report 2020 Released by RETC

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BEIJING, Jan. 12, 2021 — JA Solar, a manufacturer of high-performance photovoltaic (PV) products, was recognized as an "Overall High Achiever" in the PV Module Index Report 2020 (PVMI) recently released by the Renewable Energy Test Center (RETC) – an authoritative testing agency in the United States – for its modules’ excellent performance in strict testing for quality, reliability and performance. The company is one of the three module manufacturers to win this recognition.

PVMI was first launched by RETC in 2019 in response to market demand. It is the first report in the industry that comprehensively covers the test results on the three aspects of quality, reliability and performance. The report evaluates the modules through tests for damp heat (DH), humidity freeze (HF) and thermal cycle (TC), etc., and through the testing results of module efficiency, light induced degradation (LID) and random sampling, etc. It aims to select the modules with the best performance to provide reference to module manufacturers in product technology innovation, high-quality production, and to downstream manufacturers in module selection.

RETC said in the report that in order to select "the best of the best" among multiple module manufacturers, they scored and ranked the manufacturers based on comprehensive module quality, reliability and performance. "Manufacturers and product lines that achieve high performance according to these three disciplines not only demonstrate a commitment to excellence, but also provide a benchmark – a quantitative measure representing the best that the industry has to offer."

PR Newswire

ReneSola Power Announces Sale of 12.3 MW of Projects in Hungary

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STAMFORD, Conn., Jan. 8, 2021 — ReneSola Ltd ("ReneSola Power" or the "Company") (www.renesolapower.com) (NYSE: SOL), a leading fully integrated solar project developer, today announced that it entered into an agreement to sell a portfolio of projects located in Hungary to Obton, a leading international solar investment company headquartered in Aarhus, Denmark.

The portfolio comprises 20 solar plants in five locations, including Sárbogárd, Kömlöd, Szajol, Lukacshaza, and Törökszentmiklós, with a combined capacity of 12.3 MW.  These 20 solar projects, which were successfully connected to the grid in 2020, are now in operation and are qualified under the Hungarian 25-year KAT feed-in tariff scheme.

Mr. Josef Kastner, CEO of ReneSola European Region, commented, "Despite ongoing challenging macro conditions, our team continues to execute on our strategy and optimize our solar assets through strategic sales. Obton remains a valuable partner for us, and we are thrilled to once again collaborate on this transaction. We look forward to working with Obton in Hungary and other geographies across Europe in the future."

ReneSola Power CEO Yumin Liu added, "Over the past several years, we have demonstrated our expertise in developing and operating solar projects, closing financing transactions and monetizing projects to generate profits in the downstream segment of the solar industry across Europe.  Hungary remains an important market for solar power in the EU, and this transaction further strengthens ReneSola Power’s market position in the country.  We are proud of our team, and believe we are well-positioned to drive more profitable growth in the quarters ahead."

Mr. Anders Marcus, CEO and Co-founder of the Obton Group, said, "ReneSola Power is a trusted partner of Obton’s, and we are excited to increase our participation in the Hungarian solar market with the support from ReneSola Power. Importantly, we are encouraged that we were able to enter into an agreement despite the challenging circumstances.  We are also proud of our team for being effective, creative and goal-oriented, which we believe are the key competences for success.  We look forward to joining forces with ReneSola Power to pursue other project opportunities in Hungary and any other countries in the future."

About ReneSola Power

ReneSola Power (NYSE: SOL) is a leading global solar project developer and operator. The Company focuses on solar power project development, construction management and project financing services. With local professional teams in more than 10 countries around the world, the business is spread across a number of regions where the solar power project markets are growing rapidly, and can sustain that growth due to improved clarity around government policies. The Company’s strategy is to pursue high-margin project development opportunities in these profitable and growing markets; specifically, in the U.S. and Europe, where the Company has a market-leading position in several geographies, including Poland, Hungary, Minnesota and New York.

About OBTON

Obton is an investment and development company that targets land and rooftop owners, developers and financial institutions with the goal of building a broad and risk-diverse portfolio of assets in the field of renewable energy. Our expertise includes development, funding and management of solar PV projects – primarily projects starting from EUR 10m for stable markets in Europe and North America.

Related Links :

http://www.renesolapower.com

PR Newswire

ReneSola Announces $40.0 Million Registered Direct Offering

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STAMFORD, CT, Jan. 8, 2021 — ReneSola Ltd ("ReneSola Power" or the "Company") (NYSE: SOL), a leading fully integrated solar project developer, today announced that it entered into securities purchase agreements with several institutional investors for the purchase and sale of 2.50 million of American Depositary Shares (ADSs), each representing ten (10) ordinary shares, at a purchase price of $16.00 per ADS, in a registered direct offering.  The registered direct offering is expected to close on or about January 11, 2021, subject to the satisfaction of customary closing conditions.

H.C. Wainwright & Co. is acting as the exclusive placement agent for the offering. 

The gross proceeds from the registered direct offering are expected to be $40.0 million before deducting placement agent fees and other offering expenses. The Company intends to use the net proceeds for expanding new solar project pipeline and general working capital need.

The securities described above are being offered pursuant to a "shelf" registration statement (File No. 333-240293) filed with the Securities and Exchange Commission (SEC) on August 3, 2020 and declared effective on August 11, 2020. Such securities may be offered only by means of a prospectus, including a prospectus supplement, forming a part of the effective registration statement. A prospectus supplement and the accompanying prospectus relating to the offering of the securities will be filed with the SEC. Electronic copies of the prospectus supplement and the accompanying prospectus relating to the offering of the securities may be obtained, when available, on the SEC’s website at http://www.sec.gov or by contacting H.C. Wainwright & Co., LLC at 430 Park Avenue, 3rd Floor, New York, NY 10022, by e-mail: placements@hcwco.com or by telephone: (646) 975-6996.

This press release does not constitute an offer to sell or the solicitation of an offer to buy, nor there any sales of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction.

About ReneSola Power

ReneSola Power (NYSE: SOL) is a leading global solar project developer and operator. The Company focuses on solar power project development, construction management and project financing services. With local professional teams in more than 10 countries around the world, the business is spread across a number of regions where the solar power project markets are growing rapidly, and can sustain that growth due to improved clarity around government policies. The Company’s strategy is to pursue high-margin project development opportunities in these profitable and growing markets; specifically, in the U.S. and Europe, where the Company has a market-leading position in several geographies, including Poland, Hungary, Minnesota and New York.

Forward-Looking Statements

This press release contains statements that constitute ”forward-looking" statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. Whenever you read a statement that is not simply a statement of historical fact (such as when the Company describes what it "believes," "plans," "expects" or "anticipates" will occur, what "will" or "could" happen, and other similar statements), you must remember that the Company’s expectations may not be correct, even though it believes that they are reasonable. Furthermore, the forward-looking statements are mainly related to our ability to complete the registered direct offering and satisfy the closing conditions related to the offering, the intended use of net proceeds from the registered direct offering, the Company’s continuing operations and you may not be able to compare such information with the Company’s past performance or results. The Company does not guarantee that the forward-looking statements will happen as described or that they will happen at all. Further information regarding risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements is included in the Company’s filings with the U.S. Securities and Exchange Commission, including the Company’s annual report on Form 20-F. The Company undertakes no obligation, beyond that required by law, to update any forward-looking statement to reflect events or circumstances after the date on which the statement is made, even though the Company’s situation may change in the future, except as required by law.

For investor and media inquiries, please contact:

In the United States:

ReneSola Ltd

Mr. Adam Krop

+1 (347) 577-9055 x115

IR.USA@renesolapower.com

 

The Blueshirt Group

Mr. Ralph Fong

+1 (415) 489-2195

ralph@blueshirtgroup.com

 

In China:

ReneSola Ltd

Ms. Ella Li

+86 (21) 6280-8070 x102

ir@renesolapower.com

 

The Blueshirt Group Asia

Mr. Gary Dvorchak, CFA

+86 (138) 1079-1480

gary@blueshirtgroup.com

 

 

Related Links :

http://www.renesolapower.com

PR Newswire

Iridium Edge® Solar Provides Upgraded Capabilities for Satellite IoT Tracking and Asset Management

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MCLEAN, Va., Jan. 5, 2021 — Iridium Communications Inc. (NASDAQ: IRDM) today announced commercial availability of the Iridium Edge Solar – a secure, maintenance-free, solar-powered remote asset tracking and management device. With over-the-air configuration capabilities, the Iridium Edge Solar is ideal for Vessel Monitoring Systems (VMS), fisheries management, tracking of freight shipping containers, Supervisory Control and Data Acquisition (SCADA) applications, monitoring of oil and gas pipelines and heavy equipment telematics data reporting. 

The Iridium Edge Solar beta trials, which are nearing completion, are thoroughly testing its real-time, two-way communication, over-the-air configuration ability, built-in Bluetooth Low Energy (BLE) connectivity and secure, ruggedized packaging. The addition of BLE technology enables development of customized deployable sensor systems that can be positioned on machinery, vehicles, vessels or across worksites. 

"The Iridium Edge Solar is a unique and versatile solar-powered asset tracking device, when compared to alternatives available in the industry," said Bryan Hartin, executive vice president, sales and marketing, Iridium. "No other solar-powered IoT tracking device matches its geographic coverage, capabilities and cost-effectiveness, and we believe the addition of BLE local wireless connectivity adds a new level of customizability for applications requiring multiple and disparate sensor readings."

The history of solar-powered satellite IoT tracking devices has been marred by questionable field lifespan due to failures of charging batteries, solar panels and packaging susceptible to water-intrusion or cracking.  These issues have been exacerbated by the lack of two-way communications with the deployed device, leaving organizations wondering if the equipment suffered a terminal malfunction.  Iridium Edge Solar resolves these issues through complete encapsulation of all vital electronics, military-grade ruggedized packaging and an innovative, intelligent dual-power system, ensuring two-way communications delivery even in low-light conditions. 

When combined with Iridium’s truly global coverage and services like Iridium CloudConnect helping to simplify back-office integration through Amazon Web Services, businesses, governments and NGOs can rapidly scale and deploy this reliable, solar-powered asset-tracking device anywhere on the planet for up to 10 years without maintenance. 

Iridium Edge Solar now joins both the Iridium Edge and Iridium Edge Pro as finished Iridium products, each with specified, yet complementary, use-cases to extend the reach of IoT services beyond cellular coverage. 

As of the third quarter of 2020, Iridium commercial IoT subscribers grew 20% from the year-ago period to 924,000 customers, continuing the company’s growing position as the premier satellite IoT company.

Interested companies can also request a full featured demo kit or more information by visiting www.iridium.com/iridiumedgesolar

About Iridium Communications Inc. 
Iridium® is the only mobile voice and data satellite communications network that spans the entire globe. Iridium enables connections between people, organizations and assets to and from anywhere, in real time. Together with its ecosystem of partner companies, Iridium delivers an innovative and rich portfolio of reliable solutions for markets that require truly global communications. In 2019, the company completed a generational upgrade of its satellite network and launched its new specialty broadband service, Iridium Certus®. Iridium Communications Inc. is headquartered in McLean, Va., U.S.A., and its common stock trades on the Nasdaq Global Select Market under the ticker symbol IRDM. For more information about Iridium products, services and partner solutions, visit www.iridium.com.

Press Contact:
Jordan Hassin
Iridium Communications Inc.
Jordan.Hassin@Iridium.com 
+1 (703) 287-7421
Twitter: @Iridiumcomm

Investor Contact:
Kenneth Levy
Iridium Communications Inc.
Ken.Levy@Iridium.com
+1 (703) 287-7570

Related Links :

http://www.iridium.com